Currency Majors Technical Analysis

American Session

EUR/USD - Euro Dollar

1,4060. EUR USD is in a consolidation after the last bullish movement. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The consolidation should continue. The price should continue to move in 1,4000 / 1,4140 range.

Resistances

1,4140 - 1,4175

Supports

1,4000 - 1,3900

GBP/USD - British Pound Dollar

1,6540. GBP USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,6600 (60 pips). The consolidation should continue.

Resistances

1,6605 - 1,6640

Supports

1,6425 - 1,6210

USD/CHF - Dollar Swiss Franc

1,0813. USD CHF broke 1,0680 resistance. The volatility is high. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,0630 / 1,0900 range.

Resistances

1,0900 - 1,0975

Supports

1,0765 - 1,0630

USD/CAD - US Dollar Canadian Dollar

1,1463. USD CAD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. daily ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a support above 1,1430 (33 pips). The uptrend should continue to gather momentum.

Resistances

1,1520 - 1,1580

Supports

1,1430 - 1,1390

USD/JPY - Dollar Yen

95,38. USD JPY is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a resistance below 95,80 (42 pips). The downtrend should continue to gather momentum.

Resistances

95,80 - 96,35

Supports

95,00 - 94,80

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